Our resident basher is getting desperate After our management have secured an important debt financing that allows us to move Goldboro foward and gives us all the time we need to finalize the global financing to bring us to production, he has to resort to try and seed doubt about the conditions of this financing.
The reality is the conditions of our latest financing our pretty much standard in the world of exploration companies because they generate no income. Even when dealing with standard banks, any business owner can tell you that the banks will usually ask for 100% of the company's assets in guarantee and often even include the owner's personnal assets. If a business has an asset that is no longer usefull, like a truck or a mill, the company can sell that asset and replace it with an equivalent but more usefull asset (in this case money), without the lender having any say in the decision. What the company could not do would be to transfer that asset, or the proceeds of its sale, out of the company without proper consideration.
Our resident basher has also taken a short affirmation by Kevin in the Adelaide interview and tried to stir up controversy. Kevin was adressing the fact that the market is presently very difficult for explorers, and he stated that he has seen how that market can change quickly by mentionning that Volta had gone from $0,07 to $2,35 in a few months. He never came close to suggesting he was responsible for it and that he would do the same with Signal. Our basher is taking this quote completely out of context.
Volta resources began its existence in the beginning of 2008. It hit a low of $0,07 in November of 2008, it increased a bit untill August of 2009, then it spiked to $2,35 in November of 2010. When someone states as FACTS that it took more than 48 months to make that move, he is being deceiptful. He is also being deceitful when he suggest that the $0,07 has to be adjusted for a 3 for 1 share consolidation. That is simply another lie that he hoped nobody would challenge.